No‚ because if they produced 650 pounds of poultry then they’d only be able to produce 550 pounds of corn. (visa versa) 3. What is the opportunity cost of increasing the annual output of corn from 800 to 1000 pounds? If they increase the annual output or corn to 1000 then they would lose 200 pounds of poultry. 4. What is the opportunity cost of increasing the annual output of corn from 200 to 400 pounds? If you increase the output of corn from 200 to 400 then production of poultry
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creates a constant flow of new information from all the people gathered. In other words‚ cities magnify humanity’s strengths and improve the quality of life of the whole city. The key factors to a market success or failure are incentives‚ opportunity costs‚ tradeoffs‚ scarcity‚ supply and demand‚ market equilibrium‚ and common good. For the incentives affects‚ Glaeser attributes this to the fact that they are able to exchange ideas
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Opportunity costs History The term was coined in 1914 by Austrian economist Friedrich von Wieser in his book Theorie der gesellschaftlichen Wirtschaft. It was first described in 1848 by French classical economist Frédéric Bastiat in his essay "What Is Seen and What Is Not Seen A benefit‚ profit‚ or value of something that must be given up to acquire or achieve something else. Since every resource (land‚ money‚ time‚ etc.) can be put to alternative uses‚ every action‚ choice‚ or decision
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7 N 8% I/Y CPT PV = $5000.35 The original principal amount are $5000.35 c) Calculate the present value of $5‚800 received at the end of year 1‚ $6‚400 received at the end of year 2‚ and $8‚700 at the end of year 3‚ assuming an opportunity cost of 13 percent. Answer From financial calculator i) $5‚800 FV 1 N 13% I/Y PMT CPT PV = $5132.74 ii) $6‚400 FV 2 N 13% I/Y PMT CPT PV = $5012.14 iii) $8‚700 FV 3 N 13% I/Y PMT CPT PV = $6029.54 $5‚800 + $6‚400
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ii. An increase in immigration of foreign workers to the U.S. iii. An increase in the average retirement age iv. The migration of skilled workers to Europe 4. Identify whether each of the following would increase or decrease the opportunity costs for stay-at-home moms or dads (those who choose not to accept work outside the home). Briefly explain your answers. a. Higher unemployment rates. b. Lower average wages. c. Higher demand for labor. d. Lower income tax rates on wages
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Cost of Capital Definition: cost of capital is the rate of return that a company must earn on its project investments to maintain its market value and attract funds. The cost of capital to a company is the minimum rate of return that is must earn on its investments in order to satisfy the various categories of investors‚ who have made investments in the form of shares ‚ debentures and loans. The cost of capital in operational terms refers to the discount rate that would be used in determining the
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Animals are such agreeable friends. They ask no questions and they pass no criticism.” So it is no surprise that scholars have long been intrigued by the possibility that animals possess largely untapped therapeutic powers. Most Americans are animal lovers; about 63 percent of U.S. households contain one or more pets‚ according to the American Pet Products Manufacturers Association. Several‚ but not all‚ studies suggest that those of us who own pets tend to be somewhat happier than those of us
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theater to improve its efficiency. Objectives: To find out gaps in process flow To find out Turn Around Time in OT To count utilization hours of OT To measure cancelation & delayed rate To collect data on unplanned surgeries To calculate opportunity loss Research Methodology: Research Design: Exploratory design & descriptive study Sources of Data: Sample Size: My universe for study was 165 patients (based on average monthly surgeries). I took random sampling of 103 patients over a period
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fixed costs‚ semi-fixed costs‚ and variable costs. Fixed costs are those which do not change with the level of activity within the relevant range. These costs will incur even if no units are produced. For example rent expense‚ straight-line depreciation expense‚ etc. Fixed costs are those which do not change with the level of activity within the relevant range. These costs will incur even if no units are produced. For example rent expense‚ straight-line depreciation expense‚ etc. Mixed costs or semi-variable
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2 Cost Terms‚ Concepts‚ and Classifications Learning Objectives LO1. Identify and give examples of each of the three basic manufacturing cost categories. LO2. Distinguish between product costs and period costs and give examples of each. LO3. Prepare an income statement including calculation of the cost of goods sold. LO4. Prepare a schedule of cost of goods manufactured. LO5. Understand the differences between variable costs and fixed costs
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